Event Calendar

Thursday, October 24, 2024

2024 New England Appraisers Expo Residential Program

Start Date: 10/24/2024 8:45 AM EDT
End Date: 10/24/2024 12:00 PM EDT

Venue Name: Four Points By Sheraton (In-person only 10/21/2024/Live-streaming only 10/24/24)

Location:
1125 Boston-Providence Turnpike
Route 1 South
Nosrwood, MA  United States  02062

Organization Name: MBREA

Contact:
MBREA Staff
Email: staff@mbrea.org
Phone: (617) 830-4530

2024 New England Appraisers Expo
Residential Program

Scheduling:
Scheduling: The 2024 New England Appraisers Expo Residential Program will be live-streamed only on October 24, 2024 from 8:45 a.m. to 12:00 p.m.

Attendance: We are required to record each participant's attendance which will be done through sign-in sheets at the Opening Program and by poll questions during the Residential Program. We will not be able to award CE credit to participants who fail to sign both the sign-in sheets and/or answer all the poll questions.

 
Early bird price for Members: (AI and MBREA): $75
AI members who are not MBREA members should obtain a code from the Chapter office.

Early bird price for All Others: $75.00
Everyone saves $25 when you register before October 7, 2024 when prices increase
 
Residential Program
October 24, 2024 Live-streaming only

Appraising Short Term Rentals

Best Practices and Insights

This comprehensive two-hour presentation will delve into the unique challenges of appraising short-term rentals for conventional financing. While guidelines from Fannie Mae and Freddie Mac offer some direction, significant uncertainties still persist in this area.
 
Key topics to be covered include:
  • Understanding Short-Term Rentals:
    • Differentiating from platforms like Airbnb and similar services
    • Evaluating vacation rentals
    • Assessing student rentals
    • Considering off-season rental properties
  • The Role of Appraisers:
    • Defining the appraiser's role in short-term rental evaluations
    • Outlining specific responsibilities and best practices
  • Lender Perspectives:
    • Understanding how lenders perceive and evaluate short-term rentals
    • Identifying the factors lenders consider most critical
  • Local Regulations and Requirements:
    • Navigating town-specific requirements for short-term rentals
    • Complying with local zoning and housing regulations
  • Housing Availability and Affordability:
    • Examining the impact of short-term rentals on local housing markets
    • Addressing issues related to housing availability and affordability
By the end of this presentation, participants will have a clearer understanding of the complexities involved in appraising short-term rentals and the strategies to address these challenges effectively.
 
Panelists:
William J. Pastuszek, Jr., MRA, MAI, AI-GRS, Moderator
Nicholas Fernandes, Certified Residential Appraiser
Jamie Moore, Certified Residential Appraiser
Sarah Ruder, Vice President, Cape Cod Five


Navigating Residential Property Market Trends

 
This one-hour overview provides appraisers with an overview of identifying market conditions, determining and supporting appropriate adjusts, and how to effectively incorporate this information into a report.
 
The program focuses on:
  • Market condition levels of adjustment
  • Identifying the dynamics of different property types
  • Is it the client or the market that decides the need for an adjustment
  • Alternative ways to support adjustments
  • The role of critical thinking
  • Red flags
  • Reporting
At the end of the presentation, appraisers will have a sufficient understanding about how to reflect current market trends in their analysis and reporting.
 
Panelists:
William J. Pastuszek, Jr., MRA, MAI, AI-GRS
Stacie Chandler, RA, SRA, AI-RRS
Kenneth Dicks, MAI

 

State Approvals  as of October 9, 2024
State Opening Program (4-Hrs) Commercial Program (3-Hrs) Residential Program (3-Hrs)
CT AAL.001291 AAL.001290 AAL.001286
MA*     580081
ME 34C048 34C049 34C047
NH**      
RI REA.0002273-CE REA.0002274-CE REA.0002251-CE
VT CA-258783 CA-258782 CA-253799
*Note for MA license holders: The Opening, Commercial, and Residential Sessions of the Expo are approved as NR (Non-Residential) and R (Residential) and may be used by all appraisers for CE credit.
**NH does not assign numbers to approved courses.
AI Points: The 7-hour General and Commercial or General and Residential sessions are 35 AI Points. The 3-hour Commercial or Residential sessions are 15 AI Points each.